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The Timken Co (The Timken Co) EBIT : $641 Mil (TTM As of Dec. 2023)


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What is The Timken Co EBIT?

The Timken Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $92 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $641 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Timken Co's annualized ROC % for the quarter that ended in Dec. 2023 was 9.31%. The Timken Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Timken Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.96%.


The Timken Co EBIT Historical Data

The historical data trend for The Timken Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Timken Co EBIT Chart

The Timken Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 544.50 463.90 535.40 625.50 641.20

The Timken Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 146.80 192.30 204.90 151.70 92.30

Competitive Comparison of The Timken Co's EBIT

For the Tools & Accessories subindustry, The Timken Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Timken Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Timken Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Timken Co's EV-to-EBIT falls into.



The Timken Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $641 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Timken Co  (NYSE:TKR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Timken Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=500.8 * ( 1 - -0.65% )/( (5291.2 + 5540)/ 2 )
=504.0552/5415.6
=9.31 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

The Timken Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=369.2/( ( (1358.7 + max(1221.3, 0)) + (1431.6 + max(1231.7, 0)) )/ 2 )
=369.2/( ( 2580 + 2663.3 )/ 2 )
=369.2/2621.65
=14.08 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(706.5 + 1202.4 + 194) - (585.6 + 55.4 + 240.6)
=1221.3

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(671.7 + 1229.1 + 170.7) - (582.8 + 45.4 + 211.6)
=1231.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

The Timken Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=641.2/8054.138
=7.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Timken Co EBIT Related Terms

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The Timken Co (The Timken Co) Business Description

Traded in Other Exchanges
Address
4500 Mount Pleasant Street North West, North Canton, OH, USA, 44720-5450
The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates its revenue in the United States of America.
Executives
Philip D. Fracassa officer: CFO 1835 DUEBER AVENUE SW, CANTON OH 44706-0928
Christopher A Coughlin officer: President-proc ind & supp chn 1835 DUEBER AVE SW, CANTON OH 44706
Timken John M Jr director 200 MARKET AVE N STE 210, CANTON OH 44702
Hansal N. Patel officer: VP, GC, and Secretary 4500 MOUNT PLEASANT ST. NW, NORTH CANTON OH 44720
Richard G Kyle officer: President-mob ind & aerospace 1835 DUEBER AVE SW, CANTON OH 44706
Jacqueline F Woods director
Natasha Pollock officer: VP - Human Resources 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Landin Bo Hans Olof officer: Group Vice President 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Timken Ward J Jr director, officer: Chairman of the Board 200 MARKET AVE N STE 210, CANTON OH 44702
Ronald J Myers officer: VP - Human Resources 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Sarah C Lauber director 833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202
Shelly Marie Chadwick officer: Chief Accounting Officer 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Karl Andreas Roellgen officer: VP - Europe, Asia and Africa 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720
Frank C Sullivan director
Elizabeth Ann Harrell director 4500 MT. PLEASANT ST. NW, NORTH CANTON OH 44720